Operating Model's Discussion Of Investing And Financing Platform Enterprises Of Local Government

Investing and financing platform enterprises of local government are active power in dealing with the impact of international financial crises and important measure of macroeconomic-control. Their rapid development profits from both political environment and market conditions. Investing and financing platform enterprises of local government have played positive roles in economic construction by accelerating development of local economy, cooperating with macro policies, harmonizing the governments'functions of infrastructure construction, making best of public resources, supporting local infrastructure constructions, controlling investing and financing risks of governments, making clearing the orientation of local governments and boosting their revolutions. Investing and financing platform enterprises of local government have special operating models with supervising by government directly, sensitive business model to policies, building up both direct financing channels and indirect financing channels and managing projects by classification. In addition, investing and financing platform enterprises of local government have the problems of debt risks, insufficient supervising laws and rules, and ill-formed management. Therefore, it is necessary to strengthen their management. In this dissertation, a provincial investing and financing platform enterprise is analyzed as a case.